Insurance analysts Jasper Cooper and Christian Badorff discuss both direct and secondary risks global insurers are facing as the military conflict in Ukraine continues. Related content on Moodys.com (some content only available to registered users or subscribers): Insurance – Global: Russian invasion of Ukraine will drive investment volatility, more claims inflationGlobal – Cyber Risk: Russia-Ukraine tensions increase cyber risks across regions, asset classes

Analysts Megan Fox, Rokhaya Cisse and Mike Dion discuss cyber threats past and present, and steps regulators are taking to make sure financial institutions are prepared. Plus, Petr Paklin of the Banking team talks about the prospects for fast-growing all-digital banks, from market share to profits.Related content on Moodys.com (some content only available to registered users or subscribers): Funds & Asset Management – North America: SEC's proposed cybersecurity rules would strengthen investment industry's cyber resiliencyBanking – Cross Region: Heightened focus on rising cybersecurity threats bolsters banking industry's preparednessP&C Insurance and Reinsurance – Global: Court ruling highlights risks of hidden cyber coverage in P&C policiesBanking – Global: Rapid growth of challengers puts new verve into old banking systems

Moody’s banking analysts Constantinos Kypreos and Mik Kabeya join host Carolyn Henson to discuss prospects for banks in Africa’s five largest banking sectors after two difficult years. Related content on Moodys.com (some content only available to registered users or subscribers): Banking System Outlook – Nigeria: Economic rebound and recovering profitability shift the outlook to stable Banking System Outlook – South Africa: Negative outlook driven by challenging operating and macro conditionsBanking System Outlook – Egypt: Solid financial metrics, robust economic growth drive a stable outlookBanking System Outlook – Morocco: Risk of lower government support capacity to the banks keeps our negative outlookBanking System Outlook – Kenya: Economic recovery, improving profitability drive stable outlook

Lev Dorf of the Banking team looks at why high use of dollars in many emerging markets poses rising risks for the country’s banks and where those risks are highest. Plus, Stephen Tu of the Financial Institutions group analyzes the Federal Reserve’s recent report and request for comment on the potential benefits of a US central bank digital currency.Related content on Moodys.com (some content only available to registered users or subscribers): Financial Institutions – North America: Fed’s US CBDC report highlights both the potential efficiencies of digital money and funding risks for banksBanks – China : Design of e-CNY will minimize risk of bank disintermediation in its initial phaseBanking – Global: Central banks aim to limit disruption when designing retail digital currenciesFinancial Institutions – Global: Four forces reshaping financial landscape have potential to dislodge incumbentsBanks - Emerging markets: High dollarization poses long-term risks for banks and for wider financial stability 

Helena Kingsley-Tomkins and Paulette Truman of the Insurance team discuss how tech is transforming the insurance business, from connected devices that help prevent injuries and accidents to auto manufacturers entering insurance distribution. Plus, Sonny Hsu of the Banking team discusses the results of the Hong Kong Monetary Authority’s first climate stress test of banks, and Jasper Cooper of the Insurance team talks about the scope of insured losses from the recent Marshall wildfire in Colorado.Related content on Moodys.com (some content only available to registered users or subscribers): Banks – Hong Kong SAR, China: Hong Kong Monetary Authority's bank stress test on climate risk is credit positiveProperty & Casualty – United States: Homeowners and commercial property insurers face losses from Colorado wildfireProperty & Casualty Insurance – US: Insurers better match rate to risk as telematics gain consumer acceptanceInsurance – Global: Innovation critical for insurers as technology threatens their traditional earnings

Frank Yuen and Laura Bazer explain why the outlook for life insurers worldwide is less bleak than it was a year ago. Plus, Bruce Ballentine and Benjamin Serra discuss the strengths that help insulate global property and casualty (P&C) insurers from higher claims as economies reopen.Related content on Moodys.com (some content only available to registered users or subscribers): P&C Insurance – Global – 2022 OutlookLife Insurance – Global – 2022 OutlookLife & Health Insurance – US – 2022 outlook stable, as US economic recovery solidifies

Banking analysts Michael Rohr and Donald Robertson explain how our outlook has improved for banks worldwide. Plus, Banking team analyst Svetlana Pavlova discusses how demographic trends in emerging markets are driving a divergence in banks’ growth and profitability prospects.Related content on Moodys.com (some content only available to registered users or subscribers): Banks – Global: 2022 outlook stable, reflecting sound capital and liquidity, with low credit losses (Slides)Banks – Emerging markets: Demographic trends will drive divergence of growth and profitability prospects 

Dominic Simpson and Neal Epstein of the Asset Management team discuss prospects for global asset managers in 2022, as the global economic recovery and demand for alternative and ESG investments drive industry growth. Meanwhile, Ceres Lisboa, Ashraf Madani and Eugene Tarzimanov  of the Banking team explore how emerging markets banks will benefit from G20 economies’ recovery, strong global demand for commodities and a rise in interest rates.Related content on Moodys.com (some content only available to registered users or subscribers): Asset Managers – Global: 2022 Outlook stable on economic recovery, strong demand Emerging market banks’ outlook is stable as credit conditions support financial fundamentals

Insurance analysts Dominic Simpson and Manoj Jethani discuss global insurers’ increasing investments in illiquid assets and why that’s mostly positive despite the risks. Plus, Fadi Massih of the Banking team talks about strengths and vulnerabilities in global banks’ management of cybersecurity risks.Related content on Moodys.com (some content only available to registered users or subscribers): Cyber Risk - Global Banks of all sizes and credit strengths are increasing cybersecurity investmentLife & Health Insurance – United Kingdom Growing illiquid asset exposure is more credit positive than negativeLife Insurance – US: Illiquid assets rise, increasing returns while raising portfolio risk  Insurance – Europe: Insurance CFOs ready for M&A amid cautious post pandemic optimismBenefits of insurers’ growing illiquid asset exposure balance additional risks 

Mark Wasden of the Banking team and Chris Padgett of the Corporate Finance team explain how as US private credit grows, there is greater risk of widespread market disruption should the economy falter. Plus, Insurance team analyst Shachar Gonen explains why long-term care insurers are getting a brief reprieve, and Fadi Massih of the Banking team talks about the new Bitcoin ETF and why it is credit negative for Coinbase. Guests: Shachar Gonen, Vice President, Senior Credit Officer –  Financial Institutions Group, Moody’s Investors Service; Fadi Massih, Vice President, Senior Analyst  –  Financial Institutions Group, Moody’s Investors Service; Christina Padgett, Associate Managing Director – Corporate Finance Group, Moody’s Investors Service; Mark Wasden, Senior Vice President – Financial Institutions Group, Moody’s Investors Service Hosts: Danielle Reed, Vice President, Senior Research Writer – Financial Institutions Group, Moody’s Investors Service; Michael Porta, Vice President, Senior Research Writer – Financial Institutions Group, Moody’s Investors Service Related content on Moodys.com (some content only available to registered users or subscribers): Property & Casualty Insurance – Global: Proliferation of cyberattacks prompts re-evaluation of cyber insurance riskAuto Finance – Global: Sector can manage surge of residual value risk as electric vehicles come on line